Friday, 9 August 2013

Monitor Spend Close to Half Million on 23 New Recruits Using Two Companies Financially Linked to Lords

Monitor the new NHS
regulator has spent close to half a million pounds on recruitment fees to two
head hunter firms both financially connected to Members of the House of Lords.

The Health and Social
Care Act massively increased the significance of Monitor’s role in the new NHS.
The previous responsibility had predominantly been as regulator to the foundation trusts.
The Health and Social Care Act greatly expanded their
significance to become the sector regulator of the NHS and competition enforcer.

These new roles have
required new staff and Monitor have chosen two firms with financial links to
Members of the Lords to fill the key roles in their organisation. Following a
Freedom of Information request, it was discovered that one of the companies,
Odgers Berndtson, filled 12 senior personnel at a cost of close to £200,000 in
agency fees.

Odgers employ Baroness
Bottomley as Chair of
the Board and CEO practice and she also holds shares in their holding company
Broomco Ltd. The former health secretary was able to
vote on the Health bill despite her financial interests, which has opened up
revenue channels for her employer. The Chairman, Richard Boggis-Rolfe, has given £207,500 in donations to the
Conservative party between 2006 up until the General election.

A further request has
also revealed that the other company used was Saxton Bampfylde, who has gained
revenue over £230,000 in fees since 2010. Labour Peer
Lord Stevenson, the former Chairman of HBOS plc, which almost collapsed under
his guidance has shares in the company. The Parliamentary Commission on Banking Standards recommended his
being banned from the industry stating “Lord Stevenson
has shown himself incapable of facing the realities of what placed the bank in
jeopardy from that time until now".

Saxton Bampfylde according to the release, were
involved in the appointment of Monitor’s CEO, a position currently held by David
Bennett, a former partner of global management firm Mckinsey, who were
instrumental in the content of the Health and Social care Act. In fact,
individuals from the private sector are dominated in the key positions at
Monitor from companies like KPMG, PricewaterhouseCoopers and McKinsey. Saxton
Bampfylde recruited the executive director for cooperation and competition at
Monitor, the director of organisation transformation and their chief economist
as they consolidate their new position as Health and Social Care Act enforcer. Included
in the costs according to Monitor were psychometric tests, which can include
things like the measurement of knowledge, abilities, attitudes, personality
traits, and educational measurement.

Monitor was recently exposed as having
spent 40% of their overall budget on private consultants,
which included £1.9million to David Bennett’s former firm Mckinsey. The NHS is under
severe financial restraint across the service, but not Monitor it would seem,
who have spent close to half a million pounds on recruitment for 23 positions
at a cost of over £18,000 each individual appointment.

Sigurd
Reinton: Non-Executive Director – formerly NATs and Chairman of the
London Ambulance Service NHS Trust for ten years

Heather
Lawrence: Non-Executive Director – formerly CEO of Chelsea and Westminster
hospital and co-designed the North West London Local Education Training Board. Heather
is also a non-executive director of NMC Healthcare, a FTSE 250 company

Executive
team

Stephen
Hay: Also on the board - Managing Director of
Provider Regulation – formerly KPMG - He has advised the boards of corporate
and private equity houses and his portfolio of financial experience is
wide-ranging and includes mergers and acquisitions, due diligence, IPOs, and
risk assessment.

Adrian
Masters: Also on the board - Managing Director of
Sector Development – formerly McKinsey, IBM and PricewaterhouseCoopers

Miranda
Carter: Executive director of Assessment- formerly Deloitte, then
PricewaterhouseCoopers - She has advised the boards of corporate and private
equity houses and her portfolio of financial experience is wide-ranging and
includes mergers and acquisitions, due diligence and initial public offerings
(IPOs).

Catherine
Davies: Executive director of cooperation and competition
– formerly Linklaters global law firm – Catherine has worked across a wide
range of sectors, including consumer goods, energy, media and healthcare.
Linklaters clients include pharmaceuticals and
biotechnology companies, service providers.

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